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The Lawsuit, Verdict and Bankruptcy

Brandon filed his personal injury lawsuit in May of 2001. After two years of
Vigorous litigation, including two months of jury trial, the Alameda County
California Superior Court on May 13, 2003 entered a judgment of approximately $24 million against Bruce
Jennings, Bryco Arms, and B.L. Jennings, Inc. The judgment was based on a unanimous jury
verdict finding that the Bryco pistol was defective in design, and that it was a cause of
Brandon Maxfield's total damages of approximately $51 million. The verdict and judgment
were entirely for compensatory damages (medical expenses, earnings loss, pain and
suffering, etc.), and were not inflated by claims for punitive damages or penalties.

On May 14, 2003, Bruce Jennings, Bryco Arms, B.L. Jennings, Inc. and the various
trusts, ex-wife, and partnerships filed for Chapter 11 bankruptcy protection in Florida.
In bankruptcy terms, they became known as "debtors."

The bankruptcy filing precluded Brandon Maxfield from taking any steps to satisfy
his judgment, and stayed numerous other lawsuits brought by injured parties and
government entities around the county. In bankruptcy terms, Brandon and these other
parties became known as "unsecured creditors," and were required to litigate the
remainder of their cases and the collection of their judgments in the Florida bankruptcy
court.

Over the next several years, the Florida Bankruptcy Court supervised the
liquidation of the debtors' assets for the benefit of creditors. Debtors were first
allowed to keep certain “exempt” assets, such as Bruce Jennings's Florida house valued at
$1 million. Next the 11 debtors' several legal firms were allowed their accumulated years
of legal fees, various administrative costs were settled, any secured creditors were
paid, etc. After all these deductions, anything that remained was distributed among the unsecured creditors, one of
whom was Brandon Maxfield with his $24 million judgment.

Brandon Maxfield and the other victim-creditors received only a small fraction of
their damages judgments through the bankruptcy proceedings. While bankruptcy normally
"discharges" a debtor from paying remaining amounts due, and allows him to keep post-
bankruptcy earnings free and clear of those discharged debts, Brandon Maxfield challenged
that normal result in this case. The Bankruptcy Court ruled that Brandon had proved asset
hiding and bankruptcy fraud, refused to grant Bruce Jennings a discharge of his debts,
and allowed Brandon Maxfield and the others to continue to pursue their damages.

When Bruce Jennings was convicted of distributing and possession of child pornography in 2013, the
the federal government sought forrfeiture of the approximately $1 million property that
Jennings had been keeping exempt from creditors. This "homestead" was the last
asset remaining in Jennings’s name. Jennings settled the governments' forfeiture claim for
$500,000. On behalf of himself and the other victim-creditors, who were not allowed to
participate in the forfeiture negotiations, Brandon Maxfield has petitioned the
government to allocate those forfeited funds toward compensating them for their personal
injuries and damages, as reflected in their outstanding judgments against Jennings.

Brandon's Arms was founded to promote the public safety, with specific emphasis on proactive charitable
measures to reduce and eliminate injuries and deaths from the accidental or criminal use of firearms.